Ingalls & Snyder LLC Purchases New Position in Marvell Technology, Inc. $MRVL

Ingalls & Snyder LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, Holdings Channel reports. The firm bought 39,878 shares of the semiconductor company’s stock, valued at approximately $3,353,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Nova Wealth Management Inc. increased its position in Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Marvell Technology in the second quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Marvell Technology during the second quarter worth approximately $34,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MRVL. Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group boosted their price objective on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Roth Mkm raised their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Rosenblatt Securities lowered their price target on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC cut their price objective on shares of Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $79.01 on Wednesday. The stock’s fifty day simple moving average is $82.88 and its 200 day simple moving average is $81.79. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $66.94 billion, a PE ratio of 27.72, a PEG ratio of 0.62 and a beta of 1.97. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $112.50.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.